According to the disclosure, these contracts have been awarded by state government agencies and do not include any internal orders. NCC clarified that the projects were received in the normal course of business and do not fall under related party transactions, as the promoters, promoter group, or group companies have no interest in the entities that awarded the projects.
“The Company has received two (2) orders during the month of August 2025, totaling Rs. 788.34 Crore (excl. GST). These orders pertain to the Water Division of the Company. In this regard, we wish to submit the following:
- These orders have been received in the normal course of business of the Company.
- The Promoters / Promoter Group / Group Companies do not have any interest in the entities that have awarded the projects to the Company and don’t fall under Related Party Transaction.
- These orders have been received from State Government agencies and do not include any internal order,” the company said in a filing to the exchange.
The company, a leading infrastructure player, regularly executes projects across sectors such as water, roads, buildings, electrical, and mining. The addition of these two contracts strengthens the order book of its Water Division, which has been an important vertical in NCC’s operations.
NCC shares closed 1.6% lower at Rs 204.60 on the BSE on Friday.
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